Vojvodina Development Agency presented potentials of Vojvodina to Indian and Arab companies


Vojvodina Development Agency (RAV) has presented the investment opportunities in the province and possible models of cooperation with local companies to Indian and Arab businessmen. Meeting was organized by the Provincial Government and the company "Alubond Europe”, which in Banatski Karlovac produces metal composite panels.

This company was founded in 2009 and is part of the "Mulk Holdings", a global conglomerate that operates in the areas of building materials, plastics industry, solar technology, hospitality, healthcare and food and beverage. Their brand Alubond is the largest global brand for metal coverings, with production bases in seven countries and markets in more than 125 countries.


RAV introduced businessmen from India and the Middle East with the business environment in Serbia: the tax framework, incentives, operating costs, labor market, as well as with all the benefits for which Vojvodina is already well known as the good host of foreign companies. According to data provided by RAV agency, in this moment 320 foreign companies operates in Vojvodina.

Beside the owner of “Mulk Holdings", Nawab Shaji Ul Mulk, this business delegation consisted of: Paras Shahdatipuri, president of the "Nikai Group", Khizar Edroos Sayed, president of "Excell Group", multidiscipline leading engineering organization with eight various management lines of business in the steel industry (since 2015 Excel Industry Srb belongs to it), then Adam Hussein Ali, chairman of the "Swiss Arabian Perfumes Group" and others.